As of Nov 3, 2026. Rebuilt every trading night.
SH daily tracking
Over the 90 days to Nov 4, 2026, SH missed minus one times S&P500's daily return by 2.8 basis points a day on average, on its NAV.
All 8
8 of 8 · click a column to sort| # | Window | Read on | Average daily miss, bp | Signed average, bp | Tracking error | Up days, bp | Down days, bp | Up less down, bp | Confidence |
|---|---|---|---|---|---|---|---|---|---|
| 30 days to Nov 4, 2026: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 2.9 | +2.9 | 0.33% | +2.5 (9 days) | +3.2 (11 days) | −0.6 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 3.6 | +2.9 | 0.58% | +2.0 (11 days) | +3.9 (11 days) | −1.9 | Not significant (t −1.2) | |
| 90 days to Nov 4, 2026: 60 of 63 days, from Aug 7, 2026 | NAV (stated) | 2.8 | +2.7 | 0.34% | +2.9 (25 days) | +2.6 (35 days) | +0.3 | Not significant (t 0.6) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price | 3.8 | +2.8 | 0.62% | +2.4 (29 days) | +3.0 (34 days) | −0.6 | Not significant (t −0.6) | |
| 180 days to Nov 4, 2026: 121 of 124 days, from May 11, 2026 | NAV (stated) | 2.9 | +2.7 | 0.38% | +2.8 (59 days) | +2.7 (62 days) | +0.1 | Not significant (t 0.3) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price | 4.1 | +2.7 | 0.74% | +3.3 (62 days) | +2.1 (62 days) | +1.2 | Not significant (t 1.5) | |
| 1 year to Nov 4, 2026: 248 of 251 days, from Nov 5, 2025 | NAV (stated) | 2.8 | +2.7 | 0.33% | +2.8 (129 days) | +2.6 (119 days) | +0.1 | Not significant (t 0.6) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price | 3.7 | +2.7 | 0.62% | +3.1 (131 days) | +2.3 (120 days) | +0.8 | Not significant (t 1.7) |
SH's largest daily misses
The 5 days SH strayed furthest from its daily target in the 1 year to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.
| # | Day | Read on | S&P500 moved | Target | SH returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Jul 2, 2026 | NAV | 0.00% | 0.00% | +0.11% | +0.11 pts |
| 2 | Jun 26, 2026 | NAV | −0.05% | +0.05% | +0.13% | +0.09 pts |
| 3 | Sep 4, 2026 | NAV | −0.36% | +0.36% | +0.45% | +0.09 pts |
| 4 | May 22, 2026 | NAV | +0.38% | −0.38% | −0.30% | +0.08 pts |
| 5 | Nov 28, 2025 | NAV | +0.54% | −0.54% | −0.47% | +0.07 pts |
The daily miss is SH's return each day less minus one times S&P500's return that day. A basis point is a hundredth of a percentage point. Each window is read twice where ETFIQ holds both NAVs: on NAVs, and on closing prices. SH ranks 2 of 34 1x inverse ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether S&P500 rose or fell; Significant means the gap is at least two standard errors from zero. The average miss carries its sign: a negative one is what the fund kept below its target each day, its fees and financing among it. S&P500 is itself an ETF, so its own fee and tracking are inside the miss. Not every fund here has traded for a year, and a number over eight months does not order against one over twelve. This page lists each fund with its window and dates instead of ranking them. It becomes a ranking on the night four of them share a full year. Every window ETFIQ can measure for SH is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, SH daily tracking, listed by window, data as of Nov 3, 2026. https://etfiq.com/funds/sh/tracking/
ETFIQ. (Nov 3, 2026). SH daily tracking, listed by window. Retrieved from https://etfiq.com/funds/sh/tracking/
[SH daily tracking, listed by window (ETFIQ, Nov 3, 2026)](https://etfiq.com/funds/sh/tracking/)
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